Cap Rock Energy Announces Extension of Bank Financing
September 30 2004 - 4:54PM
PR Newswire (US)
Cap Rock Energy Announces Extension of Bank Financing MIDLAND,
Texas, Sept. 30 /PRNewswire-FirstCall/ -- Cap Rock Energy
Corporation (AMEX:RKE) today announced that its transmission
affiliate has entered into a second amendment with Beal Bank,
S.S.B. ("Beal Savings Bank") to extend the due date of the initial
advance of funds of $14,169,000, which was originally due September
9, 2004. The parties previously extended that initial advance
through September 30, 2004. The second amendment extends the due
date of the initial advance to October 29, 2004. The Company
currently believes that it will be able to obtain additional
extensions if needed. Cap Rock Energy provides electric
distribution services to over 35,000 meters in 28 counties in
Texas. Its corporate office is located in Midland, Texas, with
service divisions in Stanton, Colorado City, Brady and Celeste,
Texas. The Company also provides management services to the
Farmersville Municipal Electric System. The Company's predecessor,
Cap Rock Electric Cooperative, Inc., was incorporated as an
electric cooperative in the State of Texas in 1939. All statements,
other than statements of historical fact included in this news
release are forward looking statements as that term is defined in
the Private Securities Litigation Reform Act of 1995. Any such
forward looking statements involve risks and uncertainties and
actual results, performance or achievements of Cap Rock Energy may
be different from those expressed or implied in the forward looking
statements. DATASOURCE: Cap Rock Energy Corporation CONTACT:
Valerie Newsom of Cap Rock Energy Corporation, +1-432-684-0301, or
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